Aquinas College
- Assets
- $18.4m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 13
- Location
- Nashville, TN
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 62-0812782
Organization Overview
Aquinas College is located in Nashville, TN. The organization was established in 1946. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Aquinas College employed 13 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Aquinas College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Aquinas College generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (17.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
AQUINAS COLLEGE IS A TENNESSEE NONPROFIT CORPORATION CHARTERED JUNE 24, 1970. IT OPERATES A PRIVATE CATHOLIC INSTITUTION OF HIGHER EDUCATION.
DONATED SERVICES OF THE MEMBERS OF THE DOMINICAN CONGREGATION (RELIGIOUS ORDER) VALUE AT 741,446.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sister Cecilia Anne Wanner Op President | OfficerTrustee | 35 | $0 |
Sister Mary Edith Humphries Op Vice Preside | Officer | 35 | $0 |
Rev Mr Mark C Faulkner Board Member | Trustee | 1 | $0 |
Mr Mark Cordova Board Member | Trustee | 1 | $0 |
Dr Rebecca Hammel Board Member | Trustee | 1 | $0 |
Sister John Mary Fleming Op Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trane Install | 6/29/17 | $182,822 |
Artisan Builders Construction | 6/29/17 | $146,417 |
Schiller Architectural Hardware And Door Systems Inc Install | 6/29/17 | $173,873 |
Bl Harbert International Llc Construction | 6/29/17 | $6,351,356 |
Southwest Contract Furn. Install | 6/29/17 | $257,231 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,059,626 |
| Noncash contributions included in lines 1a–1f | $75 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,059,626 |
| Total Program Service Revenue | $1,210,752 |
| Investment income | $85,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,475 |
| Net Gain/Loss on Asset Sales | $153,108 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,556,785 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $913,101 |
| Pension plan accruals and contributions | $7,118 |
| Other employee benefits | $40,730 |
| Payroll taxes | $29,056 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,219 |
| Fees for services: Accounting | $25,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $292,109 |
| Advertising and promotion | $6,883 |
| Office expenses | $33,753 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $400,212 |
| Travel | $4,407 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,803 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $244,231 |
| Insurance | $10,084 |
| All other expenses | $17,693 |
| Total functional expenses | $2,266,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,935,823 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,335 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $37,951 |
| Net Land, buildings, and equipment | $11,668,779 |
| Investments—publicly traded securities | $4,693,889 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,354,777 |
| Accounts payable and accrued expenses | $146,959 |
| Grants payable | $0 |
| Deferred revenue | $34,960 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,556 |
| Total liabilities | $187,475 |
| Net assets without donor restrictions | $12,651,471 |
| Net assets with donor restrictions | $5,515,831 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,354,777 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Aquinas College has recieved totaling $56,642.
| Awarding Organization | Amount |
|---|---|
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: FOR ANNUAL PAYOUT | $41,500 |
Koch Foundation Inc Gainesville, FL PURPOSE: TO SUPPORT THE EDUCATION OF WOMEN RELIGIOUS | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,055 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $87 |
Endowment Analysis
| Beg. Balance | $5,529,751 |
| Earnings | -$620,426 |
| Net Contributions | $8,084 |
| Other Expense | -$96,583 |
| Grants | -$126,937 |
| Ending Balance | $4,693,889 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Marys School Raleigh, NC | $74,590,364 | $23,129,284 |
Andrew College Cuthbert, GA | $29,741,190 | $11,623,662 |
Shorter College North Little Rock, AR | $8,338,765 | $8,311,177 |
The Metropolitan Community College Foundation Kansas City, MO | $16,663,239 | $3,405,477 |
Pellissippi State Community College Foundation Knoxville, TN | $20,765,427 | $1,042,268 |
Wilkes Community College Foundation Inc Wilkesboro, NC | $12,311,546 | $8,211,087 |
Crowleys Ridge College Paragould, AR | $5,358,943 | $3,865,992 |
Wake Technical Community College Foundation Inc Raleigh, NC | $24,851,874 | $5,743,743 |
Walters State Community College Foundation Morristown, TN | $27,157,062 | $3,646,836 |
Northwest Arkansas Community College Foundation Inc Bentonville, AR | $44,091,991 | $5,872,868 |
Abraham Baldwin Agricultural College Foundation Inc Tifton, GA | $42,241,656 | $6,873,276 |
Virginia Western Community College Educational Founation Inc Roanoke, VA | $30,928,944 | $10,106,195 |